Reuters – Clariant Sells Three Units for $550M

Chemicals company Clariant AG has agreed to sell three units to U.S. private equity firm SK Capital for 502 million Swiss francs ($550 million) in a boost to plans to move away from low-margin cyclical businesses. Clariant had put its textile chemicals, paper speciality chemicals and emulsions units up for sale earlier this year to reduce its exposure to areas of the market vulnerable to swings in the global economy.

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